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Risk Factors and Drivers of Financial Sustainability in Local Government: An Empirical Study

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  • Manuel Pedro Rodríguez Bolívar
  • Andrés Navarro Galera
  • Laura Alcaide Muñoz
  • María Deseada López Subirés

Abstract

The current international crisis in public finances has made financial sustainability a key issue for governments. Although the European Union (EU) and other international organisations have recommended governments to monitor demographic and economic variables, few studies have considered the influence of these variables on financial sustainability. This paper seeks to identify and analyse the drivers and risk factors that influence the financial sustainability of local government. The findings identify both risk factors (unemployment and population aged under 16 years) and drivers (budgetary outcome) of financial sustainability, which may constitute a useful basis for decision-taking by managers and policy-makers.

Suggested Citation

  • Manuel Pedro Rodríguez Bolívar & Andrés Navarro Galera & Laura Alcaide Muñoz & María Deseada López Subirés, 2016. "Risk Factors and Drivers of Financial Sustainability in Local Government: An Empirical Study," Local Government Studies, Taylor & Francis Journals, vol. 42(1), pages 29-51, January.
    • Handle: RePEc:taf:flgsxx:v:42:y:2016:i:1:p:29-51
    DOI: 10.1080/03003930.2015.1061506
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    Cited by:

    1. Dionisio Buendía-Carrillo & Juan Lara-Rubio & Andrés Navarro-Galera & María Elena Gómez-Miranda, 2020. "The impact of population size on the risk of local government default," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 27(5), pages 1264-1286, October.
    2. Aldona Standar & Agnieszka Kozera, 2020. "Identifying the Financial Risk Factors of Excessive Indebtedness of Rural Communes in Poland," Sustainability, MDPI, vol. 12(3), pages 1-25, January.
    3. Uz Zaman, Qamar & Ehsan, Sadaf & Hassan, Mohammad Kabir & Javed, Muzhar & Ul Hassan, Syed Iftikhar, 2022. "Corporate Social Responsibility and Zero Leverage," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 56(1), pages 33-46.
    4. Manal Hamam & Daniela Spina & Roberta Selvaggi & Gabriella Vindigni & Gioacchino Pappalardo & Mario D'Amico & Gaetano Chinnici, 2023. "Financial sustainability in agri-food supply chains: A system approach," Economia agro-alimentare, FrancoAngeli Editore, vol. 25(2), pages 135-154.
    5. Kakati Shivam & Roy Arup, 2021. "Financial sustainability: An annotated bibliography," Economics and Business Review, Sciendo, vol. 7(3), pages 35-60, September.
    6. Maria Teresa Balaguer‐Coll & Isabel Narbón‐Perpiñá & Jesús Peiró‐Palomino & Emili Tortosa‐Ausina, 2022. "Quality of government and economic growth at the municipal level: Evidence from Spain," Journal of Regional Science, Wiley Blackwell, vol. 62(1), pages 96-124, January.
    7. Zhao, Xin & Nakonieczny, Joanna & Jabeen, Fauzia & Shahzad, Umer & Jia, Wenxing, 2022. "Does green innovation induce green total factor productivity? Novel findings from Chinese city level data," Technological Forecasting and Social Change, Elsevier, vol. 185(C).
    8. Pawel Dziekanski & Andrzej Pawlik & Magdalena Wronska & Urszula Karpinska, 2020. "Demographic Potential as the Basis for Spatial Differentiation of the Financial Situation Communes of Eastern Poland in 2009-2018," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 872-892.
    9. V. V. Skrund, 2021. "Evaluation of the Variability of Parameters of the Financial Status of the Republic of Belarus in 2000-2020," Digital Transformation, Educational Establishment “Belarusian State University of Informatics and Radioelectronicsâ€, issue 2.
    10. Fazal Ur Rehman & Basheer M. Al-Ghazali & Mohamed Riyazi M. Farook, 2022. "Interplay in Circular Economy Innovation, Business Model Innovation, SDGs, and Government Incentives: A Comparative Analysis of Pakistani, Malaysian, and Chinese SMEs," Sustainability, MDPI, vol. 14(23), pages 1-31, November.
    11. Grzegorz Drozdowski & Paweł Dziekański, 2022. "Local Disproportions of Quality of Life and Their Influence on the Process of Green Economy Development in Polish Voivodships in 2010–2020," IJERPH, MDPI, vol. 19(15), pages 1-26, July.
    12. Hamam, Manal & Spina, Daniela & Selvaggi, Roberta & Vindigni, Gabriella & Pappalardo, Gioacchino & D’Amico, Mario & Chinnici, Gaetano, 2023. "Financial sustainability in agri-food supply chains: A system approach," Economia agro-alimentare / Food Economy, Italian Society of Agri-food Economics/Società Italiana di Economia Agro-Alimentare (SIEA), vol. 25(2), October.
    13. Krzysztof Surowka, 2021. "Role of EU Funds in Financing the Activity of a Local Government in Poland from 2011 to 2020," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 1), pages 1096-1109.
    14. Werner Gleißner & Thomas Günther & Christian Walkshäusl, 2022. "Financial sustainability: measurement and empirical evidence," Journal of Business Economics, Springer, vol. 92(3), pages 467-516, April.
    15. Fazal Ur Rehman & Basheer M. Al-Ghazali & Adel Ghaleb Haddad & Ehab Abdullatif Qahwash & M. Sadiq Sohail, 2023. "Exploring the Reverse Relationship between Circular Economy Innovation and Digital Sustainability—The Dual Mediation of Government Incentives," Sustainability, MDPI, vol. 15(6), pages 1-21, March.
    16. Caitlin Blaser Mapitsa & Loren Landau, 2019. "Measuring Municipal Capacity to Respond to Mobility," SAGE Open, , vol. 9(1), pages 21582440198, February.
    17. Gordana Todorović & Hrvoje Puskarić & Yury Klochkov & Vladimir Simić & Zorica Lazić & Aleksandar Đorđević, 2022. "Creating Quality-Based Smart Sustainable Public Parking Enterprises: A Methodology to Reframe Organizations into Smart Organizations," Sustainability, MDPI, vol. 14(11), pages 1-22, May.
    18. Gabriel Puron‐Cid, 2021. "The effects of corruption of public officials on the dimensions of financial sustainability of state governments in Mexico," Public Budgeting & Finance, Wiley Blackwell, vol. 41(2), pages 65-88, June.

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